Church of England to consider buying out pay day loan lender

Was really surprised by this. In the UK there is a pay day loan lender called Wonga who charge extortionate interest rates. People use them when they can’t get loans from banks or short term loans. Mostly people who don’t have much money.

They have gone into administration and the Church of England are considering buying them out.

Wonder how that would work out with some of the poorest in society potentially owing money to the church.

https://www.bbc.co.uk/news/uk-45534283


Interest rates are over 1,000 APR at Wonga. Just posted this link so you can see but don’t use them.


https://www.wonga.com/loan-calculator

I can't help but to recall the verses about Christ's anger toward the money changers.

And those verses concerning rendering unto Caesar that which is Caesar's and unto God that which is his.

In the states we have the same type loan sharks. They're called Shylarks here. There's one commercial fronted by a former talk show host , Montel Williams. Who at the end of the spiel says the loan service is not available to New York residents due to laws concerning interest rates. Good for NY.
If the other 49 states would adopt such a policy poor and desperate optimistic people wouldn't lose their shirt.

I remember the then Arch Bishop of Canterbury saying years ago that Sharia was unavoidable for the UK.
I really shouldn't be surprised by the CoE's headlines I guess.
My deepest sympathies to the people of GB.

The only positive thing that could come out of this union, is that instead of owing loans, you can just pay tithe. So debtors wouldn't necessarily owe anything, except for what they could give to the church. It looks like the church will try and pay off all the loans, so that the company will go out of business, even going as far as showing regret for helping that business in the past. Perhaps it is a charity movement, and less of a Christian boss taking over.

If it's that bad, the government should take it over and lower the rates for those who have outstanding loans until they are all paid off and the business is liquidated. I don't understand why the church is the one doing the rescuing. It should be the government.

. . . Jubilee ?

Latest news is they have decided not to go ahead. Apparently they
are not as well placed to buy it as others might be.


https://www.bbc.co.uk/news/uk-45611563

So this was a storm in a tea pot eh?

Is this a portend? When joining that which is of God with that which is Caesar's? Render unto. Not join.